People
Several Crypto Twitter analysts create LUNA “exposes,” Do Kwon responds
The tweets proceed to question whether LUNA is truly decentralized and if it is too reliant on Anchor Protocol.
Liam 'Akiba' Wright 5 min read
Stablecoins News
Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
Coverage footprint 5.8%
News sentiment 44 /100
Top Stablecoins Stories
Price Watch
Bitcoin dips below $43k – UST backing not enough as Fed turns hawkish
Despite acquiring over 26,000 BTC over the last 30 days, Terra’s strategy to back UST with bitcoin couldn’t counterweight market sentiments over the U.S. Fed’s hawkish policy of hiking interest rates by 50 basis points.
Adoption
40% of youngsters want to use crypto for payments, new research reveals
As many as 40% of 18 to 35-year-old people in 11 countries want to use crypto for payments as they are more efficient and safer.
Latest Stablecoins News & Analysis
Analysis
Why some people are saying Waves is a ponzi scheme
Waves price fell from as high as over $60 to around $34 which led to the de-pegging of the Neutrino (USDN) to less than $1.
Stablecoins
BNY Mellon to become primary custodian for Circle’s USDC stablecoin reserves
America's oldest bank vowed to help Circle build “a stable and resilient financial ecosystem for the future.”
DeFi
Polkadot, Kusama to launch Wormhole bridge to Ethereum, Solana
Acala and Karura protocols are set to launch integration with Wormhole to bridge between the Polkadot and Kusama ecosystems and eight different layer-1 systems, including Ethereum, Solana, and Binance Smart Chain.
Regulation
Report: Bank of England is working on crypto regulation framework
The United Kingdom's central bank wants to create “effective public policy frameworks to maintain broader trust and integrity in the financial system.”
Stablecoins
Stablecoin Cashio plummets by 100% due to infinite mint glitch
An attacker managed to mint $2 billion worth of Cashio (CASH) stablecoins without providing anything in return.
Analysis
Bitcoin holds above $41,000 over the weekend, Tether shows bullish signs
Bitcoin traded above $41,000 over the weekend after a strong gain last week. As this week begins, bitcoin seems to be holding this level. At the same time, bullish signs are coming from USDT, and ether is looking strong.
